Crédit Agricole: GBP outlook

Crédit Agricole strategists expect GBP to be supported versus USD and EUR this week. They look for EUR/GBP to test its October 1 low of 0.8333.

Analysts don't expect any dovish turn in the MPC meeting minutes on Wednesday. In their view, last week’s stronger than expected September inflation and lower unemployment claims releases leave little room for the BoE policy makers to ease policy.